Minimum wage in Ukraine will increase by almost 17% from January 1, 2018. This was stated by Vice Prime Minister of Ukraine Pavlo Rozenko during communication with media people.
"This year, the state budget was adopted ahead of time, and it encapsulates a considerable enhancement of social protection. Moreover, only the minimum pay in Ukraine will increase by almost 17% from January 1, 2018, that is a very positive signal," the Vice Prime minister emphasized.
Pavlo Rozenko stressed that raising salaries and its de-shadowing are the main source of increased revenues to the Pension Fund of Ukraine. "Hence, from how wages will grow, we can talk about how pensions will increase in Ukraine. During 2018, indexation of retirement payments will be kicked off, but we want pensions to grow at a faster pace," he said.
"We will do our utmost to ensure the standard of living is being improved exactly due to the implementation of reforms," the Vice Prime Minister underscored.